Common use of Death of Executive Clause in Contracts

Death of Executive. If Executive dies during the term of this Agreement, then the Company will be obligated to continue for twelve (12) months after the Date of Termination (defined in Section 6(f) below) to pay the Base Salary payments under Section 4(a) of this Agreement. The Company may thereafter terminate this Agreement without compensation to Executive’s estate except to the extent this Agreement or any plan or arrangement of the Company provides for vested benefits or continuation of benefits beyond termination of Executive’s employment.

Appears in 6 contracts

Samples: Executive Employment Agreement (Energy Xxi (Bermuda) LTD), Executive Employment Agreement (Energy Xxi (Bermuda) LTD), Executive Employment Agreement (Energy Xxi (Bermuda) LTD)

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Death of Executive. If the Executive dies during the term of this Agreement, then the Company will be obligated to continue for twelve (12) months after the Date of Termination (defined in Section 6(f) below) to pay the Base Salary payments under Section 4(a) of this Agreement. The Company may thereafter terminate this Agreement without compensation to the Executive’s 's estate except except: (a) the obligation to continue the extent Base Salary payments under paragraph 4.1 of this Agreement or any plan or arrangement for twelve (12) months after the effective date of such termination, and (b) the Company provides for vested benefits or continuation described in paragraph 4.4 of benefits beyond termination this Agreement accrued through the effective date of Executive’s employmentsuch termination.

Appears in 4 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

Death of Executive. If the Executive dies during the term of this Agreement, then the Company will be obligated to continue for twelve (12) months after the Date of Termination (defined in Section 6(f) below) to pay the Base Salary payments under Section 4(a) of this Agreement. The Company may thereafter terminate this Agreement without compensation to the Executive’s 's estate except except: (a) the obligation to continue the extent Base Salary payments under paragraph 4.1 of this Agreement or any plan or arrangement for ninety (90) days; and (b) the benefits described in paragraph 4.4 of this Agreement accrued through the Company provides for vested benefits or continuation effective date of benefits beyond termination of Executive’s employmentsuch termination.

Appears in 4 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

Death of Executive. If the Executive dies during the term of this Agreement, then the Company may thereafter terminate this Agreement without compensation to the Executive’s estate except the Company will be obligated to continue for twelve (12) months after the Date effective date of Termination such termination to: (defined in Section 6(fa) below) to pay the Base Salary payments under Section 4(a) paragraph 4.1 of this Agreement. The Company may thereafter terminate ; and (b) provide Accounting Support benefits under paragraph 4.7 of this Agreement without compensation to Executive’s estate except to the extent this Agreement or any plan or arrangement of the Company provides for vested benefits or continuation of benefits beyond termination of Executive’s employmentAgreement.

Appears in 3 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

Death of Executive. If the Executive dies during the term Term, this Agreement shall terminate; provided, however, that within thirty (30) days following the later of this Agreementhis death or the final appointment of Executor's personal representatives, then the Company will shall cause the Executive's heirs or personal representatives to be obligated to continue for twelve (12) months after paid the Date of Termination (defined in Section 6(f) below) to pay the Executive's accrued but unpaid Base Salary payments under Section 4(a) of this Agreement. The Company may thereafter terminate this Agreement without compensation to Executive’s estate except to the extent this Agreement or any plan or arrangement Salary, if any, as of the Company provides for vested benefits or continuation date of benefits beyond termination death, as well as payment with respect to any accrued but unused vacation days, if any, as of Executive’s employmentsuch date (determined on a prorated basis), with any such payments to made less any applicable withholding and other taxes.

Appears in 3 contracts

Samples: Employment Agreement (Envirokare Tech Inc), Employment Agreement (Envirokare Tech Inc), Employment Agreement (Envirokare Tech Inc)

Death of Executive. If Executive dies during the term of this Agreement, then the Company may thereafter terminate this Agreement without compensation to the Executive's estate except the Company will be obligated to continue for twelve (12) months after the Date effective date of Termination (defined in Section 6(f) below) such termination to pay the a pro-rated portion of Executive’s then current Annual Base Salary payments under Section 4(a) of this Agreement. The Company may thereafter terminate this Agreement without compensation to Executive’s estate except to the extent this Agreement or any plan or arrangement of the Company provides for vested benefits or continuation of benefits beyond termination of Executive’s employment.

Appears in 3 contracts

Samples: Employment Agreement (Cross Border Resources, Inc.), Employment Agreement (Cross Border Resources, Inc.), Employment Agreement (Cross Border Resources, Inc.)

Death of Executive. If the Executive dies during the term of this Agreement, then the Company will be obligated to continue for twelve (12) months after the Date of Termination (defined in Section 6(f) below) to pay the Base Salary payments under Section 4(a) of this Agreement. The Company may thereafter terminate this Agreement without compensation to the Executive’s 's estate except except: (a) the obligation to continue the extent Base Salary payments under paragraph 4.1 of this Agreement or any plan or arrangement for twelve (12) months and (b) the benefits described in paragraph 4.4 of this Agreement accrued through the Company provides for vested benefits or continuation effective date of benefits beyond termination of Executive’s employmentsuch termination.

Appears in 2 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

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Death of Executive. If the Executive dies during the term of this Agreement, then the Company may thereafter terminate this Agreement without compensation to the Executive's estate except the Company will be obligated to continue for twelve (12) months after the Date effective date of Termination such termination to: (defined in Section 6(fa) below) to pay the Base Salary payments under Section 4(a) paragraph 4.1 of this Agreement. The Company may thereafter terminate ; and (b) provide Accounting Support benefits under paragraph 4.7 of this Agreement without compensation to Executive’s estate except to the extent this Agreement or any plan or arrangement of the Company provides for vested benefits or continuation of benefits beyond termination of Executive’s employmentAgreement.

Appears in 2 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

Death of Executive. If the Executive dies during the term of this Agreement, then Executive’s employment will terminate without compensation to the Company will be obligated Executive’s estate except: (a) the obligation to continue the Base Salary payments under paragraph 4.1 of this Agreement for twelve (12) months after the Date effective date of Termination such termination, and (defined b) the benefits described in Section 6(f) below) to pay the Base Salary payments under Section 4(a) paragraph 4.4 of this Agreement. The Company may thereafter terminate this Agreement without compensation to Executive’s estate except to accrued through the extent this Agreement or any plan or arrangement effective date of the Company provides for vested benefits or continuation of benefits beyond termination of Executive’s employmentsuch termination.

Appears in 1 contract

Samples: Employment Agreement (Sandridge Energy Inc)

Death of Executive. If the Executive dies during the term of this Agreement, then the Company will be obligated to continue for twelve (12) months after the Date of Termination (defined in Section 6(f) below) to pay the Base Salary payments under Section 4(a) of this Agreement. The Company may thereafter terminate this Agreement without compensation to the Executive’s 's estate except except: (a) the obligation to continue the extent Base Salary payments under paragraph 4.1 of this Agreement or any plan or arrangement for six (6) months and (b) the benefits described in paragraph 4.4 of this Agreement accrued through the Company provides for vested benefits or continuation effective date of benefits beyond termination of Executive’s employmentsuch termination.

Appears in 1 contract

Samples: Employment Agreement (Chesapeake Energy Corp)

Death of Executive. If the Executive dies during the term of this Agreement, then the Company will be obligated to continue for twelve (12) months after the Date of Termination (defined in Section 6(f) below) to pay the Base Salary payments under Section 4(a) of this Agreement. The Company may thereafter terminate this Agreement without compensation to the Executive’s 's estate except except: (a) the obligation to continue the extent Base Salary payments under paragraph 4.1 of this Agreement or any plan or arrangement of the Company provides for vested benefits or continuation of benefits beyond termination of Executive’s employment.ninety (90) days

Appears in 1 contract

Samples: Employment Agreement (Chesapeake Energy Corp)

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